You open your inbox on a Monday morning and find two messages that ruin your week. Your president in France, the person who signs everything for your French SAS (soci\u00e9t\u00e9 par actions simplifi\u00e9e, the flexible French simplified joint-stock company that most foreign founders choose), has resigned with immediate effect. And your bank has just rejected a payment because the signature on file no longer matches anyone authorized to move money. The Kbis (the official company identity extract issued by the greffe, the clerk’s office of the commercial court) still shows the departed president. Suppliers hesitate. The landlord asks who exactly represents the company. You live in London, New York or Dubai, and you wonder how you can fix a French corporate change without flying to Paris. This article gives you the complete procedure, in the order a foreign owner should follow it: first, remove the outgoing president and appoint the new one in strict compliance with your statutes; second, publish and file the change so it becomes enforceable against banks, suppliers and the administration; third, update the bank and close the liability gap between the departure and the new Kbis. Every step is governed by French texts you can verify, and every French acronym is explained. Read your statutes before you sign anything, because in a SAS the statutes are the constitution of the company, and the Cour de cassation (France’s supreme court for civil and commercial matters) enforces that primacy without mercy.<\/p>\n
The first reflex of a foreign shareholder is to assume that, as owner of the company, you can simply sack the president by email. In a French SAS that assumption is dangerous. The starting point is Article L227-5 of the Commercial Code<\/a>, which states: “Les statuts fixent les conditions dans lesquelles la soci\u00e9t\u00e9 est dirig\u00e9e.” In plain English: the articles of association set the conditions under which the company is managed. Appointment, resignation, dismissal, notice periods, severance, voting majorities \u2014 all of it lives first in your statutes. Before any vote, before any letter, pull out the statutes filed with the greffe and read the clauses on the president’s appointment and revocation. If the statutes say the president is appointed by the collectivity of shareholders voting with a two-thirds majority, a decision taken by a simple majority is void. If they require a registered letter with acknowledgment of receipt to resign, an email is not enough. This single reading step prevents most of the disputes that later fill French commercial courts.<\/p>\n French law distinguishes two exits. The first is resignation: the president leaves on his own initiative. Resignation is always legally possible \u2014 nobody can be forced to remain president \u2014 but its effects depend on the statutes and on loyalty. Most SAS statutes require written notice sent a defined number of days in advance, and the resigning president remains in office, with full powers and full liability, until the resignation takes effect and a successor is in place. A president who walks out overnight, leaving the company with no signatory, can be sued for the loss caused by a brutal departure. As the foreign owner, acknowledge the resignation in writing, record its effective date, and push immediately for the appointment of a successor, because every day without a president is a day when nobody can lawfully bind the company.<\/p>\n The second exit is revocation: the shareholders dismiss the president. Here the statutes are everything, and two recent decisions of the Cour de cassation frame the room for manoeuvre. In a judgment of 9 March 2022 (pourvoi n\u00b0 19-25.795), the Commercial Chamber confirmed that where the statute book is silent, the articles freely determine how SAS managers are dismissed, covering both the permissible grounds and the procedure to follow, and it upheld a dismissal decided without any showing of just cause because the articles so allowed. In other words, dismissal without cause \u2014 r\u00e9vocation ad nutum \u2014 is perfectly valid, but only when the statutes actually provide for it. If your statutes say the president can be dismissed at any time without reason, you can vote the dismissal without explaining yourself. If they require a serious cause (faute grave, prolonged absence, competing activity), you must establish that cause with dated documents before the vote, or the dismissal will be annulled and damages awarded.<\/p>\n The mirror image of that freedom is rigidity, confirmed by the Cour de cassation on 9 July 2025 (arr\u00eat n\u00b0 389 FS-B, pourvoi n\u00b0 F 24-10.428). In that case the statutes of a SAS allowed the dismissal of the general manager at any time without cause, but the shareholders had unanimously approved, in an annex to the appointment minutes, narrower dismissal conditions limited to three defined situations. When the president later dismissed the manager outside those three situations, the manager sued \u2014 and the Cour de cassation quashed the appeal judgment that had sided with him. Its words deserve quotation in full: Its reasoning was unequivocal: the articles alone govern how a SAS is managed, including the dismissal arrangements for its managers, and a shareholders\u2019 resolution may fill a gap left by the articles but can never contradict them, even when adopted unanimously. For a foreign owner this is a practical warning in both directions: you cannot invent, at the meeting, dismissal protections that the statutes do not contain \u2014 and a dismissed president cannot invoke side letters or meeting annexes against clear statutes either. If you want different rules, amend the statutes first, then vote the dismissal under the new rules.<\/p>\n One more trap surrounds the manner of dismissal. Even when the dismissal itself is lawful, brutal or humiliating circumstances give rise to damages. In that same 9 July 2025 case, the court preserved a 30,000-euro award against the company for a dismissal carried out in a vexatious and brutal way, while quashing the rest. So vote the dismissal cleanly: convene properly, state the statutory ground, let the president present observations if the statutes or basic fairness require it, record everything in minutes, and notify the decision by reliable means. A foreign owner who orchestrates the dismissal by video call should keep the convocation emails, the connection log and the signed minutes, because a dismissed French president who sues will attack the procedure first and the substance second.<\/p>\n Remember finally what a SAS is. Article L227-1 of the Commercial Code<\/a> opens the chapter by providing: “Une soci\u00e9t\u00e9 par actions simplifi\u00e9e peut \u00eatre institu\u00e9e par une ou plusieurs personnes qui ne supportent les pertes qu’\u00e0 concurrence de leur apport.” Shareholders risk only their contributions. That limited liability is yours as shareholder; it does not protect a president who keeps signing after his mandate ended, or who never files his departure. Which brings us to choosing the successor.<\/p>\n The appointment is a collective decision of the shareholders, and the statutes again dictate the form. Article L227-9 of the Commercial Code<\/a> provides: “Les statuts d\u00e9terminent les d\u00e9cisions qui doivent \u00eatre prises collectivement par les associ\u00e9s dans les formes et conditions qu’ils pr\u00e9voient.” If you are the sole shareholder of a SASU (soci\u00e9t\u00e9 par actions simplifi\u00e9e unipersonnelle, a one-person SAS), the procedure is light: you sign a written decision recording the departure of the old president and the appointment of the new one, and you enter it in the company’s decision register. If there are several shareholders, convene the collectivity exactly as the statutes require \u2014 notice period, agenda mentioning the revocation and the appointment, remote participation and voting rules \u2014 then record the majority reached. From abroad, video-conference voting is valid whenever the statutes allow it, which modern SAS statutes almost always do. Sign the minutes electronically with a qualified signature or circulate a PDF for handwritten signatures, and keep proof of each shareholder’s participation. The greffe (the commercial court clerk who keeps the RCS, the Registre du commerce et des soci\u00e9t\u00e9s, France’s company register) will later ask for these minutes, so draft them carefully: full identity of the outgoing president, ground and effective date of departure, full identity of the incoming president, starting date, term length, and remuneration or its deferral.<\/p>\n Who can you appoint? French law is welcoming. The president of a SAS can be a French or foreign individual, resident or non-resident, and can also be a legal entity \u2014 including your own foreign parent company. No French nationality, no French residence permit and no local diploma is required. In practice foreign owners choose among three profiles. The first is a trusted individual in France: a general manager promoted to president, a French partner, a freelance executive. This is the fastest route to unblocking the bank, because a resident president with French ID clears every compliance check. The second is yourself, the foreign founder, as president. That is legally possible and common, but it carries consequences you must price in: social security affiliation in France if you actually manage from French territory, personal tax residence questions, and slower bank compliance because non-resident files trigger enhanced checks. Our founders’ guide to setting up a company in France as a foreign founder<\/a> describes the bank, Kbis and VAT sequence your new president will inherit, and it remains the hub of this series. The third profile is your foreign company itself as president of the SAS. This is where Article L227-7 of the Commercial Code<\/a> matters: “Lorsqu’une personne morale est nomm\u00e9e pr\u00e9sident ou dirigeant d’une soci\u00e9t\u00e9 par actions simplifi\u00e9e, les dirigeants de ladite personne morale sont soumis aux m\u00eames conditions et obligations et encourent les m\u00eames responsabilit\u00e9s civile et p\u00e9nale que s’ils \u00e9taient pr\u00e9sident ou dirigeant en leur nom propre, sans pr\u00e9judice de la responsabilit\u00e9 solidaire de la personne morale qu’ils dirigent.” The humans behind the foreign parent face the same civil and criminal liability as if they were president themselves, on top of the joint liability of the parent company. The Cour de cassation drew the operational conclusion on 13 December 2023 (pourvoi n\u00b0 21-14.579): under the combined effect of Articles L. 227-7, L. 651-1 and L. 651-2, where a SAS managed by a legal entity enters court-ordered liquidation, shortfall liability can fall on the managing legal entity and on its own legal representative alike, precisely because neither statute nor articles impose a permanent representative inside a SAS. If the SAS later collapses with unpaid debts, the court can pursue both the foreign parent and its own legal representative personally. Appointing your foreign company as president does not shield you; it exposes two levels instead of one. Read our detailed analysis of the foreign company as president of a French SAS and its permanent representative<\/a> before choosing this route, and designate a clearly identified permanent representative in the appointment minutes even when the statutes do not require one.<\/p>\n Practical evidence from abroad deserves attention. The incoming president must prove identity and clean record: valid passport, proof of address, and a declaration of non-conviction (d\u00e9claration de non-condamnation) stating no criminal ban on managing a company. Foreign documents need a certified French translation and, depending on the issuing country, an apostille or legalization. Start this paperwork the day the appointment is decided, because the filing cannot proceed without it, and foreign presidents routinely lose two weeks on translations. If the new president is a legal entity, add its own Kbis-equivalent (certificate of good standing, Companies House printout, Handelsregisterauszug), translated, plus the identity papers of its permanent representative. Finally, decide on day one whether to appoint a directeur g\u00e9n\u00e9ral (general manager) or directeur g\u00e9n\u00e9ral d\u00e9l\u00e9gu\u00e9 alongside the president: the statutes may allow it, and a local general manager with delegated signature power keeps the business running while the new president’s file travels through the administration.<\/p>\n A change of president that exists only in your minutes binds the shareholders, but it binds nobody else. Banks, suppliers, the tax office and the courts go by the RCS, and until the RCS is updated the departed president remains the public face of your company. Three steps make the change enforceable, and each has a deadline.<\/p>\n First, the legal notice (avis de modification). The change of manager must be published in a support d’annonces l\u00e9gales \u2014 an authorized legal announcements bulletin for the department of the registered office \u2014 within one month, as the official Service-Public guide Changer le dirigeant de la soci\u00e9t\u00e9<\/a> instructs. The notice states the outgoing president’s name, the ground for departure, the incoming president’s name and the effective date, plus the company name, legal form, share capital, registered office address and RCS number. Order it online the day after the vote; publication usually takes a few days and the bulletin returns an attestation de parution (publication certificate) that the filing requires. Foreign owners sometimes skip this step, thinking the shareholders’ vote suffices. It does not: without the attestation, the greffe rejects the file, and without publication, the company cannot prove to third parties that the change was announced.<\/p>\n Second, the single-window filing. Since 1 January 2023 every company formality in France goes through the Guichet unique des formalit\u00e9s des entreprises (the one-stop online portal run by the INPI, the Institut national de la propri\u00e9t\u00e9 industrielle, which forwards files to the greffe, tax office and social bodies). Article R123-1 of the Commercial Code<\/a> defines it: “L’organisme unique mentionn\u00e9 \u00e0 l’article L. 123-33 permet aux entreprises de r\u00e9aliser l’ensemble des formalit\u00e9s et proc\u00e9dures n\u00e9cessaires \u00e0 l’acc\u00e8s et \u00e0 l’exercice de leur activit\u00e9.” On the portal (see the INPI guide Modifier sa soci\u00e9t\u00e9<\/a>), file a modification dossier attaching: the signed minutes recording departure and appointment, the publication attestation, updated statutes only if the statutes name the president (many SAS statutes do not name him, in which case no statutory amendment is needed), the new president’s ID, declaration of non-conviction and proof of address, and translations and apostilles where required. The portal collects the greffe fees and taxes in one payment \u2014 Article R123-8 of the Commercial Code<\/a> organizes that single collection on behalf of the recipient bodies \u2014 so have a credit card that accepts French government-platform debits ready. File from abroad exactly as from France: the portal is fully online, but create the account in the name of a person the greffe can contact, ideally your French counsel or accountant, because requests for additional documents arrive by email with short deadlines.<\/p>\n Third, the greffe’s review and the new Kbis. The greffe of the tribunal de commerce checks the file: correct minutes, valid publication, eligible president, complete identity bundle. If something is missing, it issues a rejection (rejet) or a request for regularization, and the clock keeps running while your bank file stays frozen. Answer within days, not weeks. Once validated, the greffe updates the RCS, the change appears in the BODACC (Bulletin officiel des annonces civiles et commerciales, the official gazette where company registrations and modifications are published for third parties), and you can order the new Kbis showing the incoming president. That Kbis is the key that reopens every door: bank, suppliers, leases, administration.<\/p>\n Why does this sequence matter so much? Because of opposability. Article L123-9 of the Commercial Code<\/a> provides: “La personne assujettie \u00e0 immatriculation ne peut, dans l’exercice de son activit\u00e9, opposer ni aux tiers ni aux administrations publiques, qui peuvent toutefois s’en pr\u00e9valoir, les faits et actes sujets \u00e0 mention que si ces derniers ont \u00e9t\u00e9 publi\u00e9s au registre.” As long as the change is not published in the register, the company cannot use it against third parties or public bodies \u2014 while those third parties may rely on the old entry. Concretely: a supplier who signed with the departed president before the update can hold the company to that signature; the tax office can keep writing to the old president’s address; and the bank is entitled to refuse the new president’s signature until it sees the new Kbis. Conversely, acts signed by the outgoing president between his actual departure and the RCS update still bind the company vis-\u00e0-vis good-faith third parties, because the public register still showed him. This is the liability window every foreign owner must close by filing fast. If the greffe rejects your file, do not wait: regularize within days, and meanwhile warn the bank and key counterparties in writing that a change is being registered, keeping proof of those warnings.<\/p>\n The bank is where the change hurts first and heals last. French banks verify the Kbis on every sensitive operation: new signatory powers, loan drawdowns, large transfers, online banking mandates. The day the new Kbis is issued, send the relationship manager the full pack: new Kbis, signed minutes, updated statutes if amended, the new president’s ID and proof of address, and the board-style decision granting banking powers and online access. If the outgoing president held a personal power of attorney on the account, revoke it expressly in the minutes and notify the bank separately. Expect a compliance review (KYC, know-your-customer): for a non-resident incoming president the bank will ask about the origin of funds, the group’s structure, the RBE (Registre des b\u00e9n\u00e9ficiaires effectifs, the beneficial-owner register) and sometimes a video-identification. This review takes days to weeks, so start it in parallel with the RCS filing rather than after, by sending the bank the draft minutes and the publication attestation as advance proof. Never let the departed president keep active payment instruments during the transition: collect cards, revoke mandates, change online credentials, and record each step in an email to the bank. A payment signed by the ex-president after his departure, paid by a bank that had not been warned, becomes a three-way dispute you will lose time and money to resolve.<\/p>\n Contracts and staff continue, but signatures must be audited. Employment contracts, the commercial lease (bail commercial), supplier agreements and insurance policies are concluded with the company, not with the president personally, so they survive the change automatically. What changes is who can sign amendments, termination letters, hiring decisions and settlement agreements. The rule comes from Article L227-6 of the Commercial Code<\/a>: “La soci\u00e9t\u00e9 est repr\u00e9sent\u00e9e \u00e0 l’\u00e9gard des tiers par un pr\u00e9sident d\u00e9sign\u00e9 dans les conditions pr\u00e9vues par les statuts. Le pr\u00e9sident est investi des pouvoirs les plus \u00e9tendus pour agir en toute circonstance au nom de la soci\u00e9t\u00e9 dans la limite de l’objet social.” The president holds the widest powers to act for the company within the corporate purpose (objet social), and the same article adds that statutory limits on those powers cannot be used against third parties: “Les dispositions statutaires limitant les pouvoirs du pr\u00e9sident sont inopposables aux tiers.” Two consequences follow. First, between the appointment vote and the RCS update, have the new president co-sign or countersign sensitive acts with a reference to the appointment minutes, so counterparties see the chain of authority. Second, audit delegations: powers given by the old president to employees or agents (procurements, hiring mandates, bank proxies) survive in principle, but reissue the strategic ones in the new president’s name within a month to avoid any challenge to their validity.<\/p>\n The liability gap is the hidden cost of a slow change. Between the departure and the new Kbis, the outgoing president remains publicly in charge while actually powerless, and the incoming president is actually in charge while publicly invisible. If the company incurs debts, tax arrears or overdrafts during that window, creditors will sue whoever the Kbis shows. Protect both sides: give the outgoing president a written discharge plan (quitus is rare in SAS practice, so at minimum a detailed handover report \u2014 \u00e9tat des lieux \u2014 listing cash, debts, disputes and ongoing contracts, signed by both), and make the incoming president’s acceptance conditional on that handover. If the outgoing president refuses to cooperate \u2014 refusing to sign the minutes, keeping the company stamp, contacting the bank \u2014 have counsel send a formal demand (mise en demeure) immediately, then petition the president of the commercial court in summary proceedings (r\u00e9f\u00e9r\u00e9) for the return of company property and, if needed, the appointment of a provisional administrator. French courts grant such orders in days when the blockage is documented.<\/p>\n The worst-case scenario is insolvency during the transition. Articles L651-1<\/a> and L651-2 of the Commercial Code<\/a> allow the court, when a court-ordered liquidation reveals a shortfall, to charge all or part of it to managers whose management fault contributed to it: “Lorsque la liquidation judiciaire d’une personne morale fait appara\u00eetre une insuffisance d’actif, le tribunal peut, en cas de faute de gestion ayant contribu\u00e9 \u00e0 cette insuffisance d’actif, d\u00e9cider que le montant de cette insuffisance d’actif sera support\u00e9, en tout ou en partie, par tous les dirigeants de droit ou de fait, ou par certains d’entre eux, ayant contribu\u00e9 \u00e0 la faute de gestion.” As the 13 December 2023 ruling discussed above shows, that exposure climbs to the foreign parent company and its own legal representative when the parent chairs the SAS. A change of president during a cash crisis is therefore never routine: verify solvency before the appointment, record the cash position in the handover, and if the company cannot pay its due debts, the new president’s first duty is to declare the cessation of payments (d\u00e9claration de cessation des paiements) within 45 days, not to hide the hole. A foreign owner who installs a new president to preside over an undisclosed abyss manufactures a personal lawsuit.<\/p>\n Close with a dated checklist you can run from abroad. Day one: read the statutes, acknowledge the resignation or prepare the dismissal vote, identify the successor and start translations. Days two to seven: hold the collective decision by video call, sign minutes recording departure and appointment with effective dates, order the legal notice, warn the bank in writing, revoke the old mandates. Within one month: publish the notice, file the complete Guichet unique dossier, answer any greffe request within days. On receipt of the new Kbis: deliver the bank pack, reissue key delegations, countersign pending contracts, file the handover report. If the greffe rejects the filing, regularize and refile without changing the effective dates already voted; if the bank stalls, escalate with the new Kbis and the minutes rather than waiting passively. And if the outgoing president contests the dismissal, do not negotiate the procedure away: check the statutes, verify the majority, preserve the convocation evidence, and let counsel defend the vote, because courts decide these cases on the statutes and the minutes, exactly as the 2022 and 2025 decisions above illustrate.<\/p>\n Changing the president of a French SAS from abroad is entirely possible, but it is a three-act legal operation, not an email. The statutes decide how the old president exits and how the new one enters; the shareholders’ vote executes that script and nothing else, as the Cour de cassation reminded in July 2025; the legal notice, the Guichet unique filing and the new Kbis make the change enforceable against banks and third parties; and the bank update plus a documented handover close the liability window that Article L123-9 keeps open until publication. Foreign owners who follow this order \u2014 statutes first, vote second, filing third, bank fourth \u2014 replace a president in weeks with a clean Kbis and intact banking. Those who improvise discover, in the wrong order, that the dismissed president can sue, the bank can freeze, and the court can climb to the parent. Start with your statutes tonight, convene tomorrow, file within the month, and keep every receipt: in French company law, the paper you file is the power you hold.<\/p>\n You are changing the president of your French SAS from abroad and the bank, the greffe or the outgoing president is blocking the process. Get a phone consultation within 48 hours with a lawyer of the firm who handles foreign-owned French companies every week. Call +33 6 46 60 58 22<\/a> or write via our contact page<\/a> with your statutes, the draft minutes and the latest Kbis: we check the procedure, secure the filing and unblock the signatures.<\/p>\n","protected":false},"excerpt":{"rendered":" How a foreign owner changes the president of a French SAS from abroad: statutes, shareholder vote, legal notice, Guichet unique filing, new Kbis and bank update.<\/p>\n","protected":false},"author":251031309,"featured_media":4163,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kj_source_type":"","_kj_official_id":"","_kj_official_url":"","_kj_judilibre_id":"","_kj_jur":"","_kj_lieu":"","_kj_chambre":"","_kj_rg":"","_kj_date":"","activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"federated","footnotes":""},"categories":[80314,80313],"tags":[],"class_list":["post-2119985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-decryptage","category-doing-business-in-france"],"yoast_head":"\nB. How do you appoint the new president without coming to France, and who can take the job?<\/h3>\n
II. How a foreign owner makes the change enforceable: publication, filing, bank and liability<\/h2>\n
A. How do you publish the change, file it on the Guichet unique and obtain the new Kbis?<\/h3>\n
B. How do you unblock the bank, protect contracts and employees, and close the liability gap?<\/h3>\n
Conclusion<\/h2>\n
Need a quick opinion on your case<\/h2>\n